[DIRTYSECRET]

6.5%? Come on. I’m paying 3.62 for 3 and a half more years. Not impressed.

Question: Should I continue to pay that 3% for the next 3 years or pay it off and avoid the interest? I’d have to sell my other one and I’m 66. No need to build a bigger empire.

[Right Brother]

As long as your mortgage interest is below the rate of inflation, you should continue to pay. Pure economic rationale.

[Alberta's Child]

I’m paying 3.1% fixed for 25+ years.

On a daily basis, I find myself wondering when the investment bank that holds the mortgage will call me up and beg me to prepay the mortgage at 50 cents on the dollar.

[The Old Hoosier]

Keep paying monthly. But take the money you would use to pay it off and put it all into a government or corporate bond mutual fund. You should be able to get about a 5.25% return right now with minimal risk.

If rates plummet and the return falls below your mortgage rate, you can just sell the fund and pay off the mortgage then.